monthey coachingMonthly Coaching

Sometimes running a business seems all too hard. You spend every day working in your business and every night and weekend catching up on the administration!

It’s no surprise you haven’t had time to review your cash flow budget, compare insurance providers or read up on employee obligations. 

A monthly coaching program is your opportunity to STOP. Take a deep breath, really think about what you want to achieve on your business journey and, working together, formulate strategies and actions to get you and your business back on track.

business planningBusiness Planning

Where do you see your business in 5 years’ time? How about next year?

Having a vision of what you want your business to look like, whether in the short or long-term, is imperative to its success. Just as you would plan your route before going on a road-trip across the country, a clear business plan can provide clarity on where you are headed and directions on how to get there.

The process involved in designing a plan for your business incorporates consideration of your:

  • Products or services
  • Customers and market
  • Business structure
  • Staffing
  • Assets and Liabilities
  • Financing Requirements
  • Strengths, weaknesses, opportunities and threats and risk analysis

CashflowCash Flow Budgeting

Ask almost any business owner what their biggest concern is and invariably you will hear “cash flow”.

Despite this, cash flow budgeting is an overlooked tool for small businesses. Taking the time to analyse your cash inflows and outflows is the clearest way to illustrate how your business is performing and where you may be able to make improvements. Analysing previous cash flow trends and anticipating future trends allows you to see where you are at now and what changes you may be able to make to improve your bottom line. 

Knowing what your GST and PAYG(W) liabilities will be and setting aside money relieves the stress that often occurs when Business Activity Statements are due. Anticipating when the business is likely to experience high or low sales turnover allows you to plan for additional stock purchases or reworking of employee rosters.

profit marginProfit Improvement Expert Sunshine Coast

Increasing the profit you make in your business is straightforward, right?

Cut a few expenses, sell a bit more and you’re there.

As most business owners are aware maximising your profit is not quite so easy. Many expenses can be fixed, which means that whether you sell a lot or a little, those expenses will still need to be paid. And just how do you go about increasing turnover?

Using a structured process to analyse and benchmark your business’ income and expenses highlights where you are performing well (or not so well) and allows us to identify different strategies which will improve turnover, decrease expenses and improve your profit. 

Loan ApplicationFinance Applications

In recent years banks and finance brokers have become more demanding in the financial information required to apply for business or private loans.

Having up-to-date reports such as Profit and Loss, Balance Sheet and Asset Ledger is a must, as well as evidence your BAS are lodged and all liabilities with the Australian Taxation Office are paid. 

If you've never required finance previously or just don’t speak ‘bank language’, a step-by-step process is the most effective way to ensure you cover everything necessary to ensure your application has the best chance of success.

BookkeepingBookkeeping Advice

Once you were able to do all the invoicing and bank reconciliations for your business at the end of every month….then your business grew.

Bookkeeping is often one of those administration tasks that business owners take upon themselves in an effort to keep costs down however little thought is given to whether this is the best use of the owner’s valuable time, not to mention their stress levels!

If you had four hours free per month what would you be doing instead?

  • Spend time with your family
  • Go to the beach
  • Watch a movie
  • Work on your business

A professional bookkeeper may be able to keep your accounts up to date in as little as two - four hours per month, depending on the size and complexity of your business, achieving the same result in perhaps a third of the time. Smaller businesses may benefit from online accounting programs such as Xero which can automate much of the time-consuming work you may currently be doing.

How valuable is your time?  Perhaps you could be increasing sales, training new employees or visiting valuable clients instead of banging your head against the computer screen?Utilising a bookkeeper may even save your marriage!

ComplianceTax Compliance Expert Sunshine Coast

It is important to remain aware of changes in tax legislation or ATO precedents as they happen.

Businesses often miss out on valuable deductions or run the risk of paying more tax if their financial accounts are not kept up-to-date. Gaining advice on a quarterly or monthly basis ensures your business accounts are correct at the end of the year which can reduce compliance costs at tax time.

As a registered tax agent, Melissa offers compliance services, such as end of year financial statement and tax return preparation as part of any of the above programs. Knowing how important the client- accountant relationship is, she is also happy to work with your existing accountant to ensure your compliance needs are covered in the most efficient and cost-effective manner following on from any planning or profit improvement programs undertaken.

Individual clients are always welcome.

Pricing

All of the above programs are individually tailored to your business circumstances and are subject to fixed price billing.

Prior to any engagement Melissa will meet with you for an obligation-free appointment to review your current business systems and discuss your requirements. 

Having a focus on sustainable cash flow, Melissa offers monthly payment plans as required.

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"My passion is to empower business owners for positive change & increase the profitability of their business.”

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